Category Archives: Wall Street

State of D-nile; Red-tag sale at Caesars

Posted on September 5, 2018 by David McKee

Xstal Campbell, a former dancing barmaid at The D, will be testifying before the Nevada Gaming Control Board today, along with other, unidentified casino workers. The subject will be sexual harassment. Ms. Campbell, who also will try her case before … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Economy, Marketing, Regulation, Sexual misconduct, Sports, Sports betting, The Strip, Wall Street | Comments Off

Titanic exhibit in peril; It’s Greek to them

Posted on September 4, 2018 by David McKee

Luxor‘s display of Titanic relics has hit an iceberg in the form of a bankruptcy court auction against owner Premier Exhibitions. It’s likely the collection will be kept intact, not dispersed to the four winds, although the latter might be … Continue reading →

Posted in Australia, Caesars Entertainment, Downtown, Hard Rock International, history, International, Las Vegas Sands, Marijuana, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Penn National, Regulation, Sports betting, Taxes, The Strip, TV, Wall Street, West Virginia | Comments Off

Swarming the sports books; The curious case of Stonewall Park

Posted on September 4, 2018 by David McKee

In a development that is sure to be followed with interest by sports book operators, predictive system Swarm AI outdid human oddsmakers in a trial run. During a 20-week slice of the NHL season, Swarm AI correctly predicted the outcome … Continue reading →

Posted in history, Macau, MGM Resorts International, Mississippi, Nevada, Regulation, Reno, Sports betting, Technology, Tilman Fertitta, Wall Street | Comments Off

Disappointment on the Strip; Playing politics with sports betting

Posted on August 30, 2018 by David McKee

Ten years. That’s how long it’s been since a brand-new resort has opened on the Las Vegas Strip. Looking to break that dry spell, Genting Group has recommitted itself to a 4Q20 opening of Resorts World Las Vegas. Commenting on … Continue reading →

Posted in Dining, Economy, Genting, Politics, Regulation, Sports betting, The Strip, Wall Street | Comments Off

“A quarter to forget”

Posted on August 21, 2018 by David McKee

That’s what JP Morgan analyst Joseph Greff had to say about 2Q18, adding, “The 2Q18 earnings reporting period in late July/early August was one of the worst in recent memory for U.S. Gaming as stocks with strong earnings/outlooks saw modest … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, MGM Resorts International, Mississippi, Nevada, Penn National, Sports, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wisconsin | Comments Off

Infamy on the Strip; Baton Rouge obliterated

Posted on August 20, 2018 by David McKee

“Mandalay Bay” is becoming a two-word synonym for infamy. Hotels’ Daily News Service recently bannered a set of dispatches with “What Security Looks Like in post-Mandalay Bay world.” (Subscription required.) As for what Las Vegas looks like in same, well, Lego … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Isle of Capri, Las Vegas Sands, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pinnacle Entertainment, Resort fees, Tilman Fertitta, Tourism, Wall Street, Wynn Resorts | Comments Off

When in Rome …

Posted on August 16, 2018 by David McKee

… don’t advertise sports betting. Actually you can’t, thanks to a new “Dignity Decree” that was the first priority of Prime Minister Giuseppe Conte‘s right-wing government. The provocation was a proliferation of gaming advertising during Italy‘s World Cup games. As a … Continue reading →

Posted in Arizona, Australia, Baseball, Boyd Gaming, California, Eldorado Resorts, Environment, International, Marketing, Nevada, Penn National, Politics, Problem gambling, Regulation, Sports, Sports betting, Station Casinos, Tribal, TV, Wall Street | Comments Off

Good/bad news for Atlantic City; Pennsylvania just bad

Posted on August 15, 2018 by David McKee

On the face of it, the news from Atlantic City is good: Gambling revenues were up 10% last month. But the same-store comparison (i.e., minus Hard Rock Atlantic City and Ocean Resort) has the city down 9.5%. The haul was … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

A bright shining turkey

Posted on August 15, 2018 by David McKee

“We didn’t plan to open until March. So this is, literally, found money. We didn’t even budget for it. Wait and see what happens when we get this engine fully running.” That was the excuse made by a Resorts World … Continue reading →

Posted in Downtown, Economy, Entertainment, Genting, New York, Penn National, Sports betting, Technology, The Strip, Wall Street, West Virginia | Comments Off

Illinois takes a dive; Okada gets nabbed

Posted on August 7, 2018 by David McKee

Illinois casinos had been bumping along nicely in the Trump economy until they hit a plain old speed bump last month, with revenues down almost 4%, on a gross of $119 million, $39 million of which was generated by Rivers … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, Crown Resorts, Economy, GLPI, Illinois, Kazuo Okada, Law enforcement, Massachusetts, MGM Resorts International, Penn National, Regulation, Rush Street Gaming, Scientific Games, Slot routes, Sports betting, Technology, Wall Street, Wendover, Wynn Resorts | Comments Off

It’s Elaine’s company now; A legend passes

Posted on August 6, 2018 by David McKee

In a sudden and wholly unexpected development, Wynn Resorts has appointed Phil Satre to the board of directors as vice chairman. Since D. Boone Wayson is stepping down as chairman of the board at year’s end there’s every reason to … Continue reading →

Posted in Dining, Elaine Wynn, MGM Resorts International, Wall Street, Wynn Resorts | Comments Off

More woes for Wynn; Unlucky 13 in Macao

Posted on August 3, 2018 by David McKee

Update: All charges in this case were dismissed, as the alleged rape was found to be a fabrication. Wynn Las Vegas‘ status as the poster child for sexual assault on the Las Vegas Strip just got another boost. SoCal dentist Poria … Continue reading →

Posted in Architecture, Caesars Entertainment, Dining, Economy, Election, Georgia, Iowa, Law enforcement, Macau, Marketing, Massachusetts, Politics, Sexual misconduct, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street, Wynn Resorts | Comments Off

MGM gets panned; Eldorado reaps laurels

Posted on August 3, 2018 by David McKee

First, the good news. Park MGM generated $9 million across the last three quarters, which is pretty good when you consider that it’s essentially a construction site. JP Morgan analyst Joseph Greff opines that this partly makes up for “weak” … Continue reading →

Posted in Eldorado Resorts, Florida, Illinois, Japan, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Ohio, Racinos, Reno, Scientific Games, Sports betting, The Strip, Tropicana Entertainment, Wall Street | Comments Off

NBA picks MGM; Station impresses Wall Street

Posted on August 1, 2018 by David McKee

In what is a first of its kind, an American sporting league has an “official gaming partner.” The NBA has tapped MGM Resorts International to be the casino face of the league. This would mean, according to Bloomberg, “MGM will … Continue reading →

Posted in Boyd Gaming, Economy, GLPI, Internet gambling, Marketing, MGM Resorts International, Palms, Sports, Sports betting, Station Casinos, Wall Street | Comments Off

MGM, Boyd make sports-betting pact; Win-win for Dover Downs

Posted on July 31, 2018 by David McKee

“We are in an envious position when it comes to this growth opportunity. Few companies can match our 40 plus years of experience in sports wagering, our significant sports betting infrastructure here in Nevada and our growing geographical footprint across … Continue reading →

Posted in Arkansas, Colorado, Delaware, Election, Greenwood Racing, Illinois, Indiana, Internet gambling, Iowa, Kansas, Louisiana, Massachusetts, MGM Resorts International, Mississippi, Missouri, Neil Bluhm, Ohio, Pennsylvania, Racinos, Regulation, Rhode Island, Sports betting, Taxes, Tribal, Wall Street | 1 Comment

Penn bullish on Trop; Boyd wows Wall Street

Posted on July 27, 2018 by David McKee

M Resort and Tropicana Las Vegas are no longer the charity cases of Penn National Gaming. The company made a point of lauding them during this week’s earnings call, with JP Morgan analyst Joseph Greff characterizing their performance — along … Continue reading →

Posted in Boyd Gaming, Derek Stevens, Downtown, Geoff Freeman, Illinois, Indiana, International, Las Vegas Sands, M Resort, Massachusetts, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Slot routes, The Strip, Tribal, Wall Street | 1 Comment

Elaine backs Satre; MGM running for cover

Posted on July 17, 2018 by David McKee

Global Gaming Business has revealed that National Center for Responsible Gaming President Phil Satre was the hitherto-undisclosed candidate that Elaine Wynn was proposing for the Wynn Resorts board chairmanship. Said board rejected Satre — a short-sighted move that reeks of insecurity. … Continue reading →

Posted in Architecture, Elaine Wynn, Florida, Hard Rock International, Harrah's, IGT, Japan, Mandalay Bay Massacre, MGM Resorts International, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

MGM: Time to buy; Arkansas casinos one step closer

Posted on July 11, 2018 by David McKee

As of today, Hard Rock Rocksino, in Ohio, is official part of MGM Growth Properties. However, until MGP finds a new tenant, Hard Rock International will continue to run the place. It’s a win-win for Hard Rock and MGP. For … Continue reading →

Posted in Arkansas, Atlantic City, Dining, Election, Genting, Hard Rock International, history, Las Vegas Sands, Macau, MGM Mirage, Mississippi, Ohio, The Strip, Wall Street | Comments Off

A tale of four states

Posted on July 10, 2018 by David McKee

Illinois‘ casino industry has never recovered from the Great Recession. We’ll never know if it would have done so but the inception of slot routes has basically nipped any recovery in the bud. As such, the Land of Lincoln will … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Eldorado Resorts, Full House Resorts, GLPI, Illinois, Indiana, Majestic Star, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Slot routes, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Churchill Downs deal goes south; Robocops at Pechanga

Posted on July 10, 2018 by David McKee

Early yesterday, Churchill Downs and Eldorado Resorts announced that they were deep-sixing the sale of Eldorado’s Lady Luck Vicksburg, although Churchill Downs’ purchase of Presque Isle Downs remains in play. Evidently, Churchill Downs was uncomfortable with Federal Trade Commission inquiries … Continue reading →

Posted in Arizona, Caesars Entertainment, California, Churchill Downs, Eldorado Resorts, Environment, Mandalay Bay Massacre, Marijuana, Minnesota, Mississippi, Nevada, Pennsylvania, Regulation, Security, Sports betting, Technology, Tribal, Wall Street, World Series of Poker | Comments Off